it takes digital computers to do this increases exponentially with each dimension that is added. Not so with quantum computers. And the perils There are risks, however. The computing power of these mighty quantum machines could threaten modern cryptography. This has far-reaching implications for financial stability and privacy. Today’s cryptography is based on three main types of algorithms: symmetric keys , asymmetric keys (also known as public keys ), and hash functions . With symmetric keys, the same key is used to encrypt and decrypt a message
computing has the potential to transform the global economy and the financial sector, by accelerating scientific discovery and innovation. Fully functional quantum computers—when they appear—should revolutionize industries and fields that require significant computing power for simulations and optimizations that are too complex for conventional computers. For the financial system, quantum machines can greatly reduce the time to analyze complex risk positions or run Monte Carlo simulations, as well as increase their accuracy. Quantum computing can also speed up machine